GRAND RAPIDS, Mich. (12/12/13)--Xtend, a Grand Rapids, Mich.-based credit union service organization (CUSO), reported growth in revenue, ownership by credit unions and client agreements.
The CUSO announced that 2013 fiscal year revenues for the period ending Sept. 30, surpassed $2 million for the first time. Xtend saw year-on-year growth in each of its business units during that period.
Two new credit unions have signed on as new owners of the CUSO, which specializes in providing back office, compliance monitoring and contact center services to credit unions and CUSOs across the country. The new owners are $114 million-asset United Educational CU, Battle Creek, Mich., and $60 million-asset NorthPark Community CU, Indianapolis.
Xtend also reported it had signed eight new credit union clients.